Large-scale Ethereum investors, commonly referred to as ‘whales’, have significantly increased their holdings over the past month. Data reveals a substantial net accumulation of 1.49 million ETH by these entities.
Currently, 6,392 distinct wallets hold balances ranging from 1,000 to 100,000 Ethereum tokens. This group represents a concentrated segment of the Ethereum ownership landscape.
The aggressive accumulation represents a notable 3.72% growth in the collective holdings of these whales within the 30-day period. This buying activity marks a distinct strategic accumulation phase among major investors.
As a result of this sustained accumulation, these whale wallets now collectively control approximately 26.98% of the total Ethereum supply. This level of concentration underscores their significant influence within the Ethereum ecosystem.
Analysts suggest this trend could have implications for Ethereum’s market dynamics, potentially impacting liquidity conditions and price stability moving forward. The actions of these large holders are closely monitored as a key market indicator.